ALWA MANAGEMENT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALWA MANAGEMENT
Largest movements
- Financial fixed assets +€15,343
up €15,343 (+3.4%), from €453,587 to €468,930
- Deferred charges and accrued income +€7,273
up €7,273 (+60.3%), from €12,064 to €19,337
- Other debts +€65,377
up €65,377 (+6.4%), from €1.0m to €1.1m
- Current portion of long-term debt -€41,513
down €41,513 (-90.6%), from €45,830 to €4,317
- Financial income -€23,141
down €23,141 (-59.5%), from €38,884 to €15,743
of which Non-recurring financial income: -€23,371
- Gross operating margin +€22,041
up €22,041 (+110%), from €20,105 to €42,147
- Depreciation -€8,590
down €8,590 (-23.6%), from €36,337 to €27,746
- Taxes +€4,190
new in 2025: €4,190
- Other operating charges -€2,348
down €2,348 (-44.3%), from €5,306 to €2,958
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €637,066 | €662,916 | +€25,850 | +4.1% |
| Fixed assets | 21/28 | €620,671 | €634,979 | +€14,308 | +2.3% |
| Tangible fixed assets | 22/27 | €167,084 | €166,049 | -€1,035 | -0.6% |
| Land and buildings | 22 | €116,732 | €133,756 | +€17,024 | +14.6% |
| Plant, machinery and equipment | 23 | €10,844 | €9,607 | -€1,237 | -11.4% |
| Furniture and vehicles | 24 | €39,508 | €22,686 | -€16,822 | -42.6% |
| Financial fixed assets | 28 | €453,587 | €468,930 | +€15,343 | +3.4% |
| Current assets | 29/58 | €16,395 | €27,938 | +€11,543 | +70.4% |
| Amounts receivable within one year | 40/41 | €476 | €4,358 | +€3,882 | +816% |
| Trade receivables | 40 | €392 | €4,358 | +€3,967 | +1,013% |
| Other amounts receivable | 41 | €84 | €0 | -€84 | -100% |
| Cash at bank and in hand | 54/58 | €3,855 | €4,242 | +€387 | +10.0% |
| Deferred charges and accrued income | 490/1 | €12,064 | €19,337 | +€7,273 | +60.3% |
| Total equity and liabilities | 10/49 | €637,066 | €662,916 | +€25,850 | +4.1% |
| Equity | 10/15 | -€449,275 | -€446,458 | +€2,817 | +0.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €860 | €860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €860 | €860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €860 | €860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€456,340 | -€453,524 | +€2,817 | +0.6% |
| Amounts payable | 17/49 | €1,086,341 | €1,109,375 | +€23,034 | +2.1% |
| Amounts payable after more than one year | 17 | €6,875 | €2,558 | -€4,317 | -62.8% |
| Financial debts | 170/4 | €6,875 | €2,558 | -€4,317 | -62.8% |
| Amounts payable within one year | 42/48 | €1,074,520 | €1,102,039 | +€27,519 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €45,830 | €4,317 | -€41,513 | -90.6% |
| Trade debts | 44 | €5,518 | €8,453 | +€2,935 | +53.2% |
| Suppliers | 440/4 | €5,518 | €8,453 | +€2,935 | +53.2% |
| Taxes, remuneration and social security | 45 | - | €720 | +€720 | |
| Taxes | 450/3 | - | €720 | +€720 | |
| Other amounts payable | 47/48 | €1,023,172 | €1,088,548 | +€65,377 | +6.4% |
| Accrued charges and deferred income | 492/3 | €4,946 | €4,778 | -€168 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,337 | €27,746 | -€8,590 | -23.6% |
| Other operating charges | 640/8 | €5,306 | €2,958 | -€2,348 | -44.3% |
| Gross operating margin | 9900 | €20,105 | €42,147 | +€22,041 | +110% |
| Operating profit (loss) | 9901 | -€21,538 | €11,442 | +€32,980 | |
| Financial income | 75/76B | €38,884 | €15,743 | -€23,141 | -59.5% |
| Recurring financial income | 75 | €170 | €400 | +€230 | +136% |
| Non-recurring financial income | 76B | €38,714 | €15,343 | -€23,371 | -60.4% |
| Financial charges | 65/66B | €20,377 | €20,179 | -€198 | -1.0% |
| Recurring financial charges | 65 | €20,377 | €20,179 | -€198 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,030 | €7,007 | +€10,037 | |
| Income taxes | 67/77 | - | €4,190 | +€4,190 | |
| Profit (loss) for the period | 9904 | -€3,030 | €2,817 | +€5,847 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,030 | €2,817 | +€5,847 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.